Academic Entrepreneurship

Academic Entrepreneurship

Translating Discoveries to the Marketplace

The Johns Hopkins University series on Entrepreneurship

Edited by Phillip H. Phan

Academic entrepreneurship is a multifactorial and multidimensional phenomenon. This book presents research featuring aspects of academic entrepreneurship at the regional, institutional, and organizational levels of analysis. Phillip H. Phan and the authors illustrate that the more interesting aspects of this subject are in the ‘tails of the distribution,’ where counter-intuitive findings from the data call simple theories into question and inspire a vigorous discussion of alternatives.

Chapter 9: A comparative study of ecosystem development in regenerative medicine

Adam J. Bock and David Johnson

Subjects: business and management, entrepreneurship, management and universities


In the field of regenerative medicine, new ventures face unformed markets and inconsistent industry practices. We study two university-centric regenerative medicine ecosystems to explore the characteristics of venturing activity and ecosystem development under irreducible uncertainty. The situational analysis reveals multi-level effects. At the micro-level, entrepreneurial coping strategies are significantly affected by cultural artifacts generated by the ecosystem university. At the macro-level, entrepreneurial ecosystems may develop along different paths, generating idiosyncratic contexts for venturing activity. A model of entrepreneurial ecosystem development is presented, with implications for theories of entrepreneurial behavior as well as policy practice in developing technology sectors.

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